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AI Analysis of SAR
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Red day on Friday for Saratoga Investment Corp stock after losing 0.212%
(Updated on May 03, 2024)

Hold candidate since Apr 30, 2024 Loss -0.13% PDF

The Saratoga Investment Corp stock price fell by -0.212% on the last day (Friday, 3rd May 2024) from $23.62 to $23.57. During the last trading day the stock fluctuated 1.10% from a day low at $23.53 to a day high of $23.79. The price has been going up and down for this period, and there has been a 2.7% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 31 thousand shares were bought and sold for approximately $732.39 thousand.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Saratoga Investment Corp stock with a 90% probability to be traded between $22.39 and $23.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SAR Signals & Forecast

The Saratoga Investment Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $23.61. On a fall, the stock will find some support from the long-term average at approximately $23.07. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -1.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Saratoga Investment Corp stock

Saratoga Investment Corp finds support from accumulated volume at $23.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.260 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 1.33%

Our recommended stop-loss: $22.66 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (SAR) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Saratoga Investment Corp to open at $23.63, and during the day (based on 14 day Average True Range), to move between $23.28 and $23.86, which gives a possible trading interval of +/-$0.288 (+/-1.22%) up or down from last closing price. If Saratoga Investment Corp takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.60 (0.13%) than the support at $23.14 (1.82%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Saratoga Investment Corp will release earnings AMC on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.96. We will update the financials statements for Saratoga Investment Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.12% in the first trading day after earnings release.

Is Saratoga Investment Corp stock A Buy?

Saratoga Investment Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.522 Hold/Accumulate Unchanged

Predicted Opening Price for Saratoga Investment Corp of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$23.63 ( 0.254%) $23.57

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SAR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.89 1.36 %
R2 23.79 0.94 %
R1 23.73 0.676 %
Current price: 23.57
Support S1 23.53 -0.167 %
S2 23.47 -0.427 %
S3 23.37 -0.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.09 2.21 %
R2 23.61 0.170 %
R1 23.60 0.127 %
Current price 23.57
Support S1 23.14 -1.82%
S2 23.08 -2.08%
S3 22.95 -2.63%

SAR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 12, 2024 Mar 12, 2024 Mar 28, 2024 $0.730 3.15%
2 Nov 15, 2023 Dec 08, 2023 Dec 28, 2023 $0.720 2.78%
3 Aug 14, 2023 Sep 13, 2023 Sep 28, 2023 $0.710 2.77%
4 May 22, 2023 Jun 12, 2023 Jun 29, 2023 $0.700 2.58%
5 Feb 28, 2023 Mar 15, 2023 Mar 30, 2023 $0.690 2.76%

FAQ

What is the symbol for Saratoga Investment Corp Stock and on which exchange is it traded?
The symbol for Saratoga Investment Corp is SAR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Saratoga Investment Corp Stock?
Saratoga Investment Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Saratoga Investment Corp Stock?
Saratoga Investment Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Saratoga Investment Corp Stock.

What's the current price of Saratoga Investment Corp Stock?
As of the end of day on the May 03, 2024, the price of an Saratoga Investment Corp (SAR) share was $23.57.

What is the 52-week high and low for Saratoga Investment Corp Stock?
The 52-week high for Saratoga Investment Corp Stock is $193.10 and the 52-week low is $79.20.

What is the market capitalization of Saratoga Investment Corp Stock?
As of the May 03, 2024, the market capitalization of Saratoga Investment Corp is 321.813M.

When is the next earnings date for Saratoga Investment Corp?
The upcoming earnings date for Saratoga Investment Corp is May 06, 2024.
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About Saratoga Investment Corp

Saratoga Investment Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds... SAR Profile

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